Reddit to launch tokens based in Ethereum Blockchain to reward Users.

Reddit to launch tokens based in Ethereum Blockchain to reward Users.

By alberdioni8406 | S.O.S | 14 May 2020


Reddit, the worldwide online forum will launch two tokens based in Ethereum Blockchain as part to reward members who contribute with valuable content to subreddits /r/cryptocurrency and /r/FortniteBR.

The two assets will be on beta phase and dubbed MOONS and BRICKS. The tokens will be issued as part of the new program designed by Reddit called "community points". The program is an experiment project that will measure the commitment and engagement between users and communities will initial tested in the two communities mentioned above.

The users have a webpage that explain how to open a Vault a platform that will be used to store and manage the assets. Using the platform users can easily view their tokens from multiple subreddits also claim and spend their points.  

 Resuming, the Vault works essentially as new ERC-20 wallets to store the reddit tokens.

The issuance of MOONS and BRICKS are on pilot phase and that will be conducted until Summer of 2020 and contracts and mobile apps were audited by Trail of Bits, a company focused in security and Blockchain expertise.

​During the pilot phase the "Community Points'' could be affected leading balances and transaction to be reset and when the test period ends the the Community Points will migrate to Ethereum mainnet.

​MOONS and BRICKS will be used to vote, tip content and transfer assets and could be used to measure credibility when browsing in the Forum, as the balance will be visible to all community!

This is an innovative way to reward users that are quite loyal to Reddit, this platform that are generally focused in Crypto debates and analysis with huge communities, the /r/cryptocurrency and /r/ForkniteBR have almost 2.3 million when join this two communities (1 million to /r/cryptocurrency and 1.3 million to /r/ForkniteBR).

​I will be testing the tokens and follow all this new features and see what the environment could bring new to cryptocurrency.

​#staysafe from COVID-19, stay home.

*Also find the Article at Uptrennd platform from my authorship here..

**Image from twitter with no copyright infringement here.

 

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alberdioni8406
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